[ad_1] The coke is used in what’s known as “integrated” steelmaking. Coke is combined with iron ore and limestone in a scorching-hot blast furnace to produce iron. The molten metal is then moved into a basic oxygen furnace where it becomes steel — the essential and abundant material used in bridges, buildings, ships, cars, and household appliances. (Binh Nguyen/Canary Media) The number of U.S. coal-based steelmaking facilities has declined over the decades, owing largely to growing competition overseas and shifting market conditions at home. No new steel facilities that use coal have been built in the U.S. in decades. Today, roughly 30%…
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[ad_1] /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 19, 2025 /CNW/ – Giyani Metals Corp. (TSXV: EMM) (GR: A2DUU8) (“Giyani” or the “Company”), developer of the K.Hill battery-grade manganese project in Botswana (“K.Hill” or “the Project”), is pleased to announce the closing of its previously announced, and now upsized, non-brokered private placement financing (the “Placement”), raising aggregate gross proceeds of C$3,569,622 from the sale of 59,493,695 units of the Company (the “Units”). The Placement closed after markets on August 18, 2025. Giyani Metals Corp. (CNW Group/Giyani Metals Corp.) Prior to…
[ad_1] The explosion this week at U.S. Steel’s Pittsburgh-area plant has reignited debate about its future. The Clairton plant is part of a long-standing steelmaking tradition in the Mon Valley and [ad_2] Source link
[ad_1] UK metals companies have threatened to take legal action against the government over tariffs on raw steel imports from Asia which they claim have caused a “tsunami” of problems for the industry.Earlier this summer, the business secretary, Jonathan Reynolds, reduced the amount of raw steel from Vietnam and South Korea that can be imported tariff-free in a move designed to protect UK raw steel makers, which face competition from cheap imports.In a letter to Reynolds, a group of manufacturers who use raw steel to make industrial products threatened to sue the government after the cut took effect in July,…
[ad_1] What could a US sovereign wealth fund mean for markets and investors? It could alter the balance between state and private capital by de-risking strategic projects, legitimizing new asset classes, and attracting global co-investment into critical industries. Since President Donald Trump announced the establishment a US sovereign wealth fund (SWF) in February, it has fueled both expectations and controversies. Investors should pay attention because state-backed capital is no longer theoretical. It is being deployed in semiconductors, digital assets, and even major technology platforms. This week’s news that the US government is considering taking a 10% stake in Intel underscores…
[ad_1] President Donald Trump has gone on a bond buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments alike. Trump put millions of dollars behind his bond strategy in February including between $500,000 and $1 million each into bonds issued by companies such as Home Depot, T-Mobile, and United Healthcare. Another bet of between $250,000 and $500,000 went into debt issued by Meta, based on a CNBC calculation of 690 transactions reported to the Office of Government Ethics since January and published Tuesday. He has also bought debt issued…
[ad_1] Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of Vincent Anza to the role of General Manager for its Milford, Connecticut, facility. Mr. Anza joined the Company in 2024 with more than 18 years of management experience in the metals industry. In the role of General Manager, he will oversee daily operations and assume budgetary responsibility for the Milford location, which focuses on slitting and the cutting-to-length of flat rolled carbon steel, aluminum and stainless steel products. He will report directly to David J. Gea, President – Carbon Flat Rolled. “Vince brings fresh…
[ad_1] Environment Secretary Raphael Lotilla —JORDEENE B. LAGARE MANILA, Philippines – The Philippines will need to pool at least $72 billion to significantly cut its carbon emissions, as part of its commitment to combating climate change, according to the government’s environment chief. Speaking at a climate summit organized by investment platform GenZero, Environment Secretary Raphael Lotilla said the funds would cover major sectors like energy, transport and agriculture. Article continues after this advertisement Targeted reductions “Mobilizing this capital from public, private and international sources is critical to achieving the targeted reductions in greenhouse gas emissions from these sectors,” said Lotilla,…
[ad_1] 00:00 Speaker A It’s time for Yahoo Finance’s Market Minute. U.S. stocks heading for a fourth day of declines as the sell-off in Mega Cap tech continues. In the four-day span, the S&P has wiped out nearly $1.1 trillion in market value. Nvidia leading losses among the big tech stocks, seeing more than $300 billion wiped from its market cap in that four-day window. Plus, Target shares slumping amid disappointment over the company’s newly appointed CEO. The retailer tapping an insider to replace longtime CEO Brian Cornell. Investors are seeking a turnaround amid slumping sales. And sticking with retail,…
[ad_1] Norwegian Hydrogen and GreenIron sign strategic agreement to co-locate and build green hydrogen production plants and direct reduction furnaces at additional locations. [ad_2] Source link